Hassan Nemazee Fooled Banks Twice

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Remember how New York financier and well-known Democratic fund-raiser Hassan Nemazee paid Citibank back the $74 million he'd "borrowed" from them using false papers and documents, just a day after he was detained by the FBI, and how weird it was that he just happened to have that much cash on hand? Well:


In a letter to federal Judge Michael Dolinger in New York, prosecutors say his apparent contrition was faked, alleging that he all he really did was scam a second bank in order to raise the money.

"The line of credit obtained from bank No. 2 was also obtained with the same type of fake documents (fake account statements and forged signatures) that the defendant used to defraud Citibank," US Attorney Preet Bharara said in the letter.

"In other words, Nemazee repaid his fraudulent loan from Citibank with approximately 74 million dollars that he had obtained by defrauding yet another bank."

The name of the bank that fell for his scam has not yet been named, but according to Bloomberg, Nemazee has accounts at at least two other banks, including JPMorgan and Bank of America. Of those two, which do you think was the genius one that gave him the money?

Democratic backer 'faked' graft repayment: prosecutor [AP]
Fundraiser Nemazee Defrauded Other Banks, U.S. Says [Bloomberg]